Metro in Lucknow

The project of Metro is the most expensive transport system in Uttar Pradesh till date with the total cost of $2billiona. The Uttar Pradesh Metro Rail Corporation is a 50:50 joint venture of The Government of India and The Government of Uttar Pradesh. Lucknow needed this push in the transportation system to cope up with a burgeoning population in the city. This will increase the connectivity within the city, and also will act as one of the major components for the growth of the real estate and job opportunities. Lucknow metro would give way to a better infrastructure as well as to a flourishing real estate industry.

Lucknow Metro is a rapid transit system serving the city of Lucknow in Uttar Pradesh. Construction of the line began on 27 September 2014 with the 8.5 km stretch from Transport Nagar to Charbagh Railway Station began its commercial operation on 5 September 2017 making it the. There are various kind of customer-centric services for daily commuters such as free Wi-Fi, water, toilets, disabled-friendly infrastructure etc. Lucknow Metro Rail Corporation was acknowledged with a special award in Best Urban Mass Transit category.

Lucknow Metro is also taking various methods for energy conservation and regenerating energy that includes installation regenerative brakes in the train which will save about 30-35% of traction energy, using of Variable Voltage Variable Frequency (VVVF) drive for all the escalators and lifts, Installation of LED lights, Tunnel Ventilation System for a underground section.

Metro is also benefitting the real estate market. Developments such as RERA, GST, demonetisation is expected to bring about a degree of momentum in Real estate sector. The development of a mass transport has always brought positive results for the real estate sector. The areas on the periphery of the metro will see maximum appreciation in land price. The localities around the metro routes are expected to get good demand for real estate.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

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What makes A House The Luxurious House?

                    “The sky is not the limit, the limit is your vision”

Owning a luxurious house it’s like dream come for most of people. Enjoying all the comforts of the world in your home. In India the word “Luxury” is often being used every other project in real estate is names as “Luxurious project”, even though they basic facilities. Following things defines that makes Luxurious House apart from common the normal house.

Location

It is one of the key factors. Should be near the heart of the city or some tourist spot. The connectivity across the city should be excellent. The traffic should be minimal.

Space

The space plays an important in the any part of luxury house. For a property to be luxurious it should have at least four rooms with attach bathrooms, and balconies. A large hall and dining room even the kitchen should be expansive with all the built-in amenities like chimney, microwave, oven, etc.

Floor-to-ceiling

The floor to ceiling should be at least 12 feet. Even if house meets all the other specification but not this it will not be considered as ‘Luxury House’. The more the height the more the feeling of openness. The floor should be Italian marble or have wooden flooring.

Home techs

The House should be equipped with centralized air-conditioning. Smart home technologies are in high demand these days, technologies that monitor and manage systems inside and outside the house. Whether it is locking the doors or controlling the thermostat, variable-speed air conditioning, appliances, music, and lights, one can look after their home from anywhere in the world using smartphones.

Security

The need for security is increasing day by day in India. The demand for installation of security within the house is also rising. Besides human security in the form of round-the-clock security personnel, electronic surveillance units should be installed in each and every corner of the property.

The above-mentioned points are some of the features for a luxury house. Thus next time when you go searching for a luxury property, you should keep the above points in mind lest you might end up getting duped and lose your hard earned money.

Nowadays, demand for luxury houses is rising and developers are incorporating interesting technological innovations into their projects in order to attract a niche set of clients. Hence, the market for such luxury houses will only grow and get bigger in future.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Infrastructure Development in India

One of the key driver of the Indian economy is infrastructure. Infrastructure is the one of the India’s most propelling and privileged sectors for economic development. This not only holds the major attention from the local government authorities but also have intense focus from Central government that have made several schemes for reforming the Indian infrastructure to a world-class developed infrastructure.

Infrastructure is not just limited to the Urban Development but also to the construction of dams, bridges, power, land parts etc.

According to the World Bank logistics performance index of 2016, India ranked 35th among the 163 countries performing a whooping jump of 19 steps in just 5 years.

Now talking about the market size of infrastructure India received 24.87 billion US dollars from April 2000 to June 2018 for construction development sector (housing, township, construction development projects and built up infrastructure) as foreign direct investment. This data was accumulated and estimated by the department of industrial policy and promotion. The Indian logistics sector is expected to reach at 215 billion US dollars by the year 2019 to 2020 as seeing the growth of 10% annually in the sector.

I like various other developed countries Indians also started getting attention from International investors for infrastructure space and expected to get an investment of worth Rupees 80 trillion by the end of 2025. However as per the government statutory bodies in the particular field of infrastructure estimates that India may require a network of around 50 Billion Rupees by the end of 2022 to maintain its sustainable development. Funky notable investments that are likely to be done are like listed below

The Asia infrastructure Development Bank announced in June 2018 that it would be investing in National investment and infrastructure fund where the investment may be up to 200 billion US dollars.

The investments made by private equity and venture capital investment made a mark up to 3.4 billion US dollars by the first half of 2018, in infrastructure in real estate.

There were 91 MN day deals made in 2017 witnessed by Indian infrastructure sector of earth around 5.4 billion US dollars.

Indian government is also taking various initiatives it is expected that it will invest highly in the infrastructure development especially in the role of public convenience like, construction of roads, construction of bridges, special routes, artificial beauty bodies etc.

There were also various other initiatives and policies made that were notable in the union budget of 2018 to 2019 presented by the government of India in the parliament. Some of those announcements made as listed below.

  1. Allocating a huge sum of 5.97 lakh crore to the infrastructure sector giving it a massive push.
  2. The Smart City system may also receive a whooping sum of 2.05 lakh crore for its development.
  3. Lavish cut of 1.48 trillion rupees was made by the Railways which also made it one of the highest invested infrastructural sector

The government is also making plans to get in bed with various Japanese infrastructural companies in order to improve the infrastructure criteria and get an outsourced knowledge from one of the owners and infrastructure development. This upset goes to various other and projected development such as creating and Highway of 50,000 km and also the aspect for the bullet train

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Tips for a Home loan

Howdy you, well if you are visiting this blog then, you are one of the many people who have thought of owning a home. A home isn’t just a structure, to some it’s their dream, to some an investment or an asset. Whatever it may be, the one thing remain the same in all of them, i.e. money. And most of us here won’t be the riches, having tens of millions laying around. So, how do we get that millions. Here banks come to rescue with their loans. Here are the golden rules that you should consider before taking one.

  1. Start saving for down-payment

Yes, need to a part of the amount initially known as down payment, the more you pay initially lesser the interest shall be on the principal amount. So just take it up as a general rule that you pay at least 50% of the total amount as and down payment. So just plan early and start filling up piggy banks.

 

  1. Check your credit score

The most important requirement is the credit score. Credit score can just be oversimplified as the intention to pay back. If u have a score 750 and above, u get the most overwhelming interest rates. But with the lower ones u need to explore options. Credit score is easy to build up. Some timely payments to any company who gives you a credit will lead to building a good CIBIL score. It may be any thing, like you phone bills, credit utilities, credit card bills etc.

 

  1. Get your financial documents ordered up.

Getting all the financial documents in a set is most crucial aspect in obtaining a loan. More than 30% of the loans are rejected just due to inadequate or inappropriate documents. Just go through all the terms and conditions properly and get your pages in order which define your wealth.

 

  1. Always compare

All banks provide different offers and run various schemes on various occasions. It’s best to compare between different interest rates. And just a cool tip, ask for loans during the feasts occasions such as Holi or Diwali. On these occasions banks usually take out their best offers, so make the best use of them.

 

  1. Keep loan terms as short as possible.

Just a clear suggestion, that banks tempt us into their low EMI on long term loans. It may seem a small EMI but for a long term, you will end up paying just as the same of the principal amount in interests. Bank levies compound interest, which will prove hefty in long run loans.

 

  1. Clarify between fixed and floating interest rates.

Most banks offers two types of interest rates one is fixed interest rate, in which are interest rate will be set by the bank with the agreement and all the amounts and EMI shall be calculated on the same. Hi Varun floating interest rates the EMI is depend upon the market Trend and the interest rate varies which may be higher or lower then the previous. In most of the cases is better to offer floating interest rate at the proof to be cheaper ones.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Advancement in construction technology

Construction isn’t just building something, built can also be defined as art of making building and monuments. We have been constructing various scriptures, monuments, buildings, since the dawn of mankind. However from those periods to the modern era there’s the construction technology has been completely revolutionized. Here’s the list of most advanced construction technology around the globe one could only think of.

 

  1. Material 10 X the strength of steel
    We all know steel as a most important material for the construction. And this is the only material we can due to its physical properties, especially strength. How about any material much lighter but having more strength than steel, AMAZING! Yes, one more amazing fact about that material graphene is actually from the parent component graphite one of the world’s softest metal. Just changing the molecular configuration from 2-D to 3-D can make the softest the world’s strongest. Graphene is currently developed at MI, Boston and researches are currently going on towards a whole new world of its applications.
  2. Fatigue Sensor
    Most of us here would have seen the movie “3 IDIOTS”, where Rancho asked engineers haven’t made any machine that could measure the stress. Well we thing that engineers at SMART CAP must have taken this way too seriously. Yes, now they have developed a hat that can measure the fatigue levels of the workers, known as head band, which could be attached to the hard hat of the workers. This cap is developed for mining construction workers and is currently being tested by the BAM NUTTAL who is one of the biggest mining contactors in the UK.
  3. Self-driving construction vehicles

Google is developing a self-driving tech for consumer usage known as WAYMO. Inspired from this engineers at COLARADO DOT, developed a same concept vehicle but just a much bigger one which wouldn’t be used to carry passengers but building materials. There are currently two vehicles developed namely AIPV (Autonomous Impact protection vehicle) and ATMA (Autonomous Truck Mounted Attenuator). These trucks use the GOS systems to check and control their distance, acceleration and speed. The path may either be as in form of a fixed program or programmable as per the requirement of the model.

  1. 3-D print structures

Most of us here know about the 3-D printing technology, creating objects and small tools from it. How cool it would be if we could just 3-D print a whole building. This is also not futuristic tech anymore. This is a joint project for MIT and Russian Apis co-robotic arm. The robotic arm used is a sophisticated one which uses a special concrete hat can build a structure in a single day. The robotic arm is designed to be self-sufficient, as it can be powered using variable power sources such as solar o battery powered. Is especially designed for disaster or distress situations where it can be deployed to build shelters just in a day even at the remotest locations.

Why invest in Lucknow’s Real Estate?

Nowadays, investors from cities such as Allahabad, Bahraich, Barabanki, Kanpur, Sitapur, Sultanpur, Varanasi, and Unnao are considering Lucknow as their new property bet. People who deal in real estate with the potential buyers on daily basis say that capital of Lucknow has never really witnessed the decline in the real estate business. The sales conversion are fewer but the demand has always been active.

As the population of the city is not too high many people are migrating to Lucknow and have set up their small or big business. Most of the people are investing money in their second homes across Lucknow. The city of Nawabs is gathering attention day by day and the need for lifestyle and wellness homes is increasing.

What makes Lucknow a centre of attraction?

Pricing: The city is the hub of affordable pricing.

Metro: Lucknow metro system is the fastest built metro system in the world and the most economical high-speed rapid transit system project in India. This will increase the connectivity within the city, and also will act as one of the major components for the growth of the real estate and job opportunities.

Healthcare: Multi-specialty hospital such as Medanta with a capacity of over 1,000 beds, Narayana Hrudalaya Aarogyam with over 326 beds as well as women and child care hospitals, have made their way into the city.

Lifestyle: According to the survey conducted by ‘IMRB International’ Lucknow is the second happiest city in India.

The city has a very rich supply of affordable properties by renowned builders. There are over 897 ongoing and upcoming projects in the city (https://www.99acres.com/new-projects-in-lucknow-ffid) that is comprised of 1BHK flats to luxury villas and the price is ranging from 11 lakh to 4 crores. This, therefore a very good time to invest in the city. Today when in other cities the price of 1BHK flats starts at 25 lakh, 2BHK flats start at 45 lakh, 3BHK flats start at 65 lakh and 4BHK flats start at 1.3 crores had impelled many businessmen to invest in Lucknow.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh India